European shares fall after Brussels explosions
(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)
* Pan-European FTSEurofirst 300 index down sharply
* Travel and leisure stocks lead the market lower
* Partners Group bucks the trend after update
By Atul Prakash
LONDON, March 22 (Reuters) - European shares fell sharply on Tuesday, with travel and leisure stocks leading the market lower after explosions in Brussels killed several people.
Explosions tore through the departure hall of Brussels airport, and a separate blast hit a metro station in the capital shortly afterwards, the Belgian public broadcaster RTBF said.
"Geopolitical risk, including acts of terrorism which directly affect trade or movement, remains a significant risk factor to monitor," said Lorne Baring, managing director of B Capital Wealth Management in Geneva.
"In a period where there is suboptimal growth both in Europe and globally, combined with equity valuations that are no longer cheap, there exists an environment which is susceptible to shocks that can act as a trigger for falls in asset prices." Continuación...